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Paloschi won Allievi Nazionali in 2006–07 season. He scored 3 goals in the 4–0 win over Genoa in the final.[1]

Paloschi made his professional debut on December 20, 2007, scoring in the first leg of the Coppa Italia round of 16 against Catania, and scored a second goal in the return leg on January 16, 2008.

He made his Serie A debut on February 10 against Siena as a substitute for Serginho, and scored the match's only goal with his first touch, just seventeen seconds after coming onto the pitch.[2] He started the next Serie A match against Livorno. On March 19 he scored Milan's only goal in the 2–1 loss against Sampdoria, at San Siro.

Upon Ronaldinho's signing for the club, Paloschi has said that, as his first-team chances are further damaged, he will definitely consider a move (preferably on loan) away from San Siro.[3] On August 27 he was transferred to Parma, just relegated in Serie B in co-ownership deal for €2.25 million.[4] He scored 12 goals in his first season with Parma, helping his club to return to the top flight after only one season in the Italian second tier. In June 2009 Milan and Parma agreed to extend the co-ownership bid for one more year, meaning that Paloschi will spend the 2009–10 season with Parma, now in Serie A and it was extended for another season.

On January 3, 2011, Parma sold the 50% registration rights of Paloschi that the club held to Genoa for €4.35 million[5][6] and signed 50% registration rights of Raffaele Palladino from Genoa for €3 million,[7] which Milan and Juventus retained the another 50% registration rights respectively, effectively made Genoa paid Parma €1.35 million in cash plus Palladino for Paloschi. Genoa also signed Luca Antonelli for €7 million[6] and sold Francesco Modesto to Parma for €2.5 million, effectively made Genoa paid €4.5 million cash plus Modesto to Parma for Antonelli.[6]

Paloschi made 12 appearances for Genoa, scoring 2 goals in the process. In June 2011 Milan bought back Paloschi from Genoa for €5 million, €650,000 over the previous fee.[5]

On August 8, 2011, Paloschi was transferred on loan to Chievo for the 2011–12 season for €450,000.[5][9] On September 18, 2011 he scored his first goal for Chievo in the away match lost 2–1 against Parma. On January 22 Alberto Paloschi scored a brace against U.S. Lecce. In July 2012 the loan was renewed for another year for free.[9][10] On January 31, 2013 Chievo signed Paloschi in co-ownership deal for €3.5 million.[11][12] On June 19, 2014, Chievo purchased Milan's 50% share in the player for €3 million.[13]